In today's issue of TechnoLawyer NewsWire, tech expert Jill Bauerle covers a unique tool for personal injury lawyers and other litigators that automates future earnings and other calculations, a feature-rich time-billing application (free for solos), and an outliner for managing all those deep thoughts of yours (or perhaps just your grocery list). Don't miss the next issue.
Below you'll find one of the three articles from today's edition:
What's Your Case Worth?
By Jill Bauerle
Practice management software does just about everything these days — except crunch numbers. The folks at WorthMORE Software noticed this void and filled it with CaseWORTH, a new software tool designed to help personal injury and other litigators make short work of calculations such as lost income, medical expenses, subrogation payments, and more. Armed with CaseWORTH, you'll have plenty of ammunition at a settlement conference or trial (regardless of which side you represent). You can use CaseWORTH in conjunction with practice management software such as Time Matters and Amicus Attorney or as a standalone tool. After entering the claimant and case information, you can begin calculating whatever the case demands. For example, the "Future Earnings" module can extrapolate future lost income from past history, and calculate their present value. Similar tools exist for past medical expenses, subrogation source payments, past earnings, future medical expenses, travel expenses, burial expenses, legal expenses, liens, and more. The "Damage Summary" screen enables you to see a running total in one place with the ability to drill down for closer inspection. With the "Math Worksheet," you can use the numbers from the modules to evaluate different scenarios. Even more impressive, the "Settlement Calculator" tracks all demands and offers (you can scan and attach the corresponding documentation for quick retrieval). This tool has a number of nifty features — the "Required Settlement" calculator shows you the settlement amount required to cover the claimant's expenses, the "Actual Settlement" calculator shows you how a settlement amount would be distributed, and the "What If" calculator enables you to adjust any of the numbers to evaluate the consequences. When you finish all your number crunching, you can print a "Settlement Statement" ready for the claimant to sign. CaseWORTH runs on Windows 98/2000/XP. Pricing begins at $1,000, which includes one lawyer license and two paralegal licenses. You can purchase additional lawyer and paralegal licenses for $300 and $100 respectively. Learn more about CaseWORTH.
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